Required:a. Prepare a statement of cost of goods manufactured for the month of August and calculate the average cost per unit of product manufactured.b. Calculate the cost of goods sold during August.c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements?d. (Optional) Prepare a traditional (absorption) income statement for Buck & Company for the month of August. Assume that sales for the month were $272,800 and the company’s effective income tax rate was34%.
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